Feb-18 LIBOR Replacement: Watchlist

In February, there were a few new developments on the LIBOR replacement/reform front:

The FASB proposed Accounting Standard Updates to allow SOFR to be used as a benchmark rate
The EMMI has decided to stop pursuing EONIA as a valid alternative rate
The Fed announced the publication of the proposed LIBOR alternative rate, SOFR, will begin on April 3, 2018.
The Fed's ARRC announced it will be reconstituted in 2018 to "more directly facilitate issues of legacy contract robustness and transition for cash products as well as derivatives."

We've updated our handy watchlist with all the latest: WATCHLIST: Replacing LIBOR.

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Epsilon is a vibrant capital markets technology solutions and services firm serving small and medium-sized financial institutions such as regional banks, Government-Sponsored Enterprises, and Federal Home Loan Banks. The Group’s deep expertise embraces every aspect of software development, products, data, technologies, and consulting. Epsilon offers ETS and Principia Analytic System as licensed products, and various innovative bespoke solutions across a broad set of capital markets domains. Epsilon also offers a full range of consulting services, including implementation, advisory, analytics, risk management, accounting, and data modeling.